Little v. Farm Bureau Co-Operative Mill & Supply, Inc.

This is a suit to foreclose a lien on a Chattel Mortgage covering the following property: “1,500 Broilers, feed for same; 2 Yellow Jersey Cows, 2 years old; 1 Bed Cow, 5 years old; Dividends in Farm Bureau Co-Operative Mill & Supply; 4 Brooders; 50 Feeders.”

October 10, 1951, appellant, Clyde Little, became indebted to Arkansas Farm Finance, Inc., in the amount of $900.00, evidenced by a note on even date, together with the above Chattel Mortgage, as security. Later, Finance, Inc., endorsed and delivered the note to appellee, Farm Bureau Co-Operative Mill & Supply, Inc., for value, and…